Note that
$MERL recent trend is really not good, the short signals are wave after wave, and the downside risk has been placed on the table.
Let's talk about the most critical price level first. In the past few weeks,
$MERL have tried to break above $0.5 three times in a row, but each time it was smashed down as soon as it was touched, and it was completely untenable. Don't look at the trading volume that seems to have amplified when it breaks through, but the real buying order is very weak, and the bulls can't support the market at all, and it is almost impossible to break through in the sho